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PNR

Pentair

$40.29

0.58 (1.46%)

07:02
04/17/19
04/17
07:02
04/17/19
07:02

Pentair reports Q1 adj. EPS 43c, consensus 45c

Reports Q1 revenue $689M, consensus $700.92M. "Wet and cold weather delayed pool construction activity in several key markets," said John Stauch, Pentair President and CEO. "We have not seen any significant changes in demand trends within the important Aquatics markets. The inclement weather also impacted our higher margin Specialty Ag Spray business within Flow Technologies. As a result of slower sell-through during the first quarter, inventory levels were not reduced to the levels we originally anticipated. We expect inventory levels in the channel to come down as stronger sell-through resumes in the second and third quarters. We believe this is a 2019 event and we expect to be even better positioned for the season next year. We continue to invest in our prioritized growth initiatives around advancing pool growth and accelerating residential and commercial water treatment. We are accelerating our productivity initiatives across operations and material sourcing and optimizing our cost structure. We have a strong capital structure, solid free cash flow generation, and we are continuing to invest in our strategy to be the leading residential and commercial water treatment company."

  • 17

    Apr

PNR Pentair
$40.29

0.58 (1.46%)

12/18/18
MSCO
12/18/18
INITIATION
Target $41
MSCO
Equal Weight
Pentair initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated Pentair with an Equal Weight rating and $41 price target, as he thinks its secular growth potential can offset a slowdown in housing activity. However, as he sees secular growth as uncertain, Pokrzywinski believes Pentair will have to resort to its balance sheet and excess free cash flow to achieve EPS targets in 2019 and possibly 2020, the analyst added.
03/26/19
JPMS
03/26/19
NO CHANGE
Target $50
JPMS
Overweight
JPMorgan's Tusa calls Pentair top mid cap story, boosts target to $50
JPMorgan analyst Stephen Tusa raised his price target for Pentair to $50 from $45 saying the company is his top mid cap story "into the next several years." Pentair offers a "consumer slanted name at which underappreciated headwinds in 2018/2019 flip, with balance sheet optionality the kicker," Tusa tells investors in a research note. He believes a "combination of improvement in historically proven drivers, price and net productivity as visible investments level off, set the stage for well above average margin expansion." The analyst keeps an Overweight rating on Pentair.
04/09/19
WBLR
04/09/19
NO CHANGE
WBLR
Outperform
Pool selloff on supplier warning a buying opportunity, says William Blair
William Blair analyst Ryan Merkel attributes the 5% pullback today in shares of Pool Corp. (POOL) to Pentair (PNR) cutting its Q1 and full-year guidance. Pentair is Pool's largest supplier at roughly 20% of sales, Merkel tells investors in a research note. Nonetheless, Pool's 2019 estimates are intact as most of the delayed sales in the first quarter due to weather can be made up over the course of the full season, says the analyst. In addition, he believes Pentair is different for a few reasons. Pentair has a pool business and an agricultural business, and the agriculture business has been and will continue to be impacted by unfavorable weather in key regions, contends Merkel. Further, the analyst thinks Pentair's pool business started to pick up in late March and into April as weather in pool regions improved. He does not believe the pool supplies market is seeing slower demand for 2019. As such, the analyst recommends using the "rare" pullback in Pool Corp. today as a buying opportunity. He views the selloff as overdone and keeps an Outperform rating on the name. The stock in midday trading is down 5%, or $8.61, to $161.31. Pentair is down 14%, or $6.54, to $38.70.
04/10/19
BMOC
04/10/19
NO CHANGE
Target $43
BMOC
Market Perform
Pentair price target lowered to $43 from $47 at BMO Capital
BMO Capital analyst R. Scott Graham lowered his price target on Pentair to $43 after the company cut its Q1 and 2019 guidance due to weather factors impacting its high-margin Aquatics segment, channel inventory excesses, and slowdown in other verticals. The analyst also keeps his Market Perform rating but maintains a positive view on the company's portfolio, margins, and free cash flow profiles, stating that the stock price decline after yesterday's guidance may be overdone.

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RTRX

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BDRBF

Bombardier

$0.00

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DHI

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NBL

Noble Energy

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RMBS

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-0.08 (-0.67%)

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TSLA

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-9.62 (-3.52%)

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SBUX

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WHR

Whirlpool

$139.79

0.75 (0.54%)

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$263.10

-10.15 (-3.71%)

, NVDA

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$188.97

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

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TSLA

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ZION

Zions Bancorp

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Options
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  • 22

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CGC

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$47.98

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TSLA

Tesla

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TSLA

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TSLA

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QEP

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$8.06

0.03 (0.37%)

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RRC

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Options
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LIFE

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